• Alex Halim

Have you run a QLD regional business for at least 2 years?

QLD skilled migration program is currently closed, but you may want to prepare yourself when you are condering using the 491 - SBO (Small Business Owners) to build your pathway to Australian permanent residency visa.

If you have started a business and have continously run that business for a minimum of 2 years, with turnover of $200,000 and generate a profit in the 12 months prior to application, then you may be eligible for the grant of 491-SBO when QLD skilled program reopened.

However if you are not class of person mentioned above, then if the pre-existing business purchase after 1 April 2021, then below requirement applicable to you:

  • Have been in operation for 2 years, instead 1 year; and

  • Have had a minimum purchase price of $100,000, rather total investment in the business.

It is also important when you are considering to purchase the business, it is not any of below:

  • Commission agents or leasing agents of franchises (such as petrol stations),

  • Home-based businesses (such as courier and cleaning businesses)

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